You wish to borrow $2,500 for 2 years to start a business. You approach different lenders who have the following offers. Which is the best lender to borrow from? All percentage rates are rounded to 6 decimal places. Question 6Select one:

a. 11.242169% pa APR compounding quarterly where there are exactly 4 quarters per year.

b. 11.386551% pa APR compounding monthly where there are exactly 12 months per year.

c. 2.873734% as an effective quarterly rate where there are exactly 4 quarters per year.

d. 0.031054% as an effective daily rate where there are exactly 365 days per year.

e. I'll lend you the $2,500 now if you pay me a single payment of $3,136 in 2 years, with no other payments in between.